GConnect Logitech IPO vs TAC Infosec IPO

Comparision between GConnect Logitech IPO and TAC Infosec IPO.

IPO Details

GConnect Logitech IPO is a SME Book Built Issue IPO proposed to list at BSE SME while TAC Infosec IPO is a SME Book Built Issue proposed to list at NSE SME.

	GConnect Logitech IPO	TAC Infosec IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GConnect Logitech IPO is up to ₹5.60 Cr whereas the issue size of the TAC Infosec IPO is up to ₹29.99 Cr. The final issue price of GConnect Logitech IPO is ₹40.00 per share and of TAC Infosec IPO is ₹106.00 per share.

	GConnect Logitech IPO	TAC Infosec IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹106.00 per share
Issue Price (Final)	₹40.00 per share	₹106.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	14,01,000 shares	28,29,600 shares
Fresh Issue Size (Amount)	up to ₹5.60 Cr	up to ₹29.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	14,01,000 shares	28,29,600 shares
Issue Size Total (Amount)	up to ₹5.60 Cr	up to ₹29.99 Cr

IPO Timetable

GConnect Logitech IPO opens on Mar 26, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of GConnect Logitech IPO and TAC Infosec IPO is Mar 28, 2024, and Apr 02, 2024, respectively.

	GConnect Logitech IPO	TAC Infosec IPO
Anchor Bid Date		Mar 26, 2024
Issue Open	Mar 26, 2024	Mar 27, 2024
Issue Close	Mar 28, 2024	Apr 02, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Apr 03, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Apr 04, 2024
Credit of Share (Tentative)	Apr 02, 2024	Apr 04, 2024
Listing date (Tentative)	Apr 03, 2024	Apr 05, 2024
Anchor Lockin End date 1		May 03, 2024
Anchor Lockin End date 2		Jul 02, 2024

Financials

GConnect Logitech IPO P/E ratio is 1.5, as compared to TAC Infosec IPO P/E ratio of 15.98.

GConnect Logitech IPO

TAC Infosec IPO

Financial

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	423.25	82.46
Revenue	212.57	101.03
Profit After Tax	22.83	10.86
Net Worth	398.15	77.51
Reserves and Surplus	166.29	60.10
Amount in ₹ Lakhs

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,213.02	977.65	496.45	404.00
Revenue	531.10	1,014.28	523.63	516.49
Profit After Tax	194.85	507.29	60.75	61.13
Net Worth	962.90	768.05	260.75	200.00
Reserves and Surplus	917.90	723.05	215.75	155.00
Total Borrowing	27.68	35.93	89.06	22.29
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.76%

78.00%

Promoter Shareholding (Post-Issue)

47.85%

56.94%

P/E Ratio

1.5

15.98

Market Cap

₹14.88 Cr.

₹111.08 Cr.

ROE

5.73%%

22.51%%

ROCE

7.67%%

22.75%%

Debt/Equity

EPS

₹26.64

₹6.63

RoNW

5.73%%

20.24%%

Shares Offered

In the GConnect Logitech IPO retail investors (RII) are offered 6,63,000 shares while in TAC Infosec IPO retail investors are offered 6,63,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GConnect Logitech IPO and 5,37,600 shares in TAC Infosec IPO.

	GConnect Logitech IPO	TAC Infosec IPO
Anchor Investor Reserveration		8,06,400 shares
Market Maker Reserveration	75,000 shares	1,41,600 shares
QIB	0 shares	5,37,600 shares
NII	6,63,000 shares	4,03,200 shares
RII	6,63,000 shares	9,40,800 shares
Employee	0 shares	0 shares
Others
Total	13,26,000 shares	18,81,600 shares

Bids Received (Subscription)

GConnect Logitech IPO subscribed 57.38x in total, whereas TAC Infosec IPO subscribed 422.03x.

	GConnect Logitech IPO	TAC Infosec IPO
QIB (times)		141.29x
NII (times)	42.90x	768.89x
Big NII (times)
Small NII (times)
RII (times)	71.74x	433.80x
Employee (times)
Other (times)
Total (times)	57.38x	422.03x

Compare with others

GConnect Logitech IPO	TAC Infosec IPO
Creative Graphics Solutions India IPO	K2 Infragen IPO
K2 Infragen IPO	Aluwind Architectural IPO
Aluwind Architectural IPO	Jay Kailash Namkeen IPO
Jay Kailash Namkeen IPO	Yash Optics & Lens IPO
Yash Optics & Lens IPO	GConnect Logitech IPO
TAC Infosec IPO	Radiowalla IPO
Radiowalla IPO	Aspire & Innovative IPO
Aspire & Innovative IPO	Blue Pebble IPO
Blue Pebble IPO	Vruddhi Engineering Works IPO
Vruddhi Engineering Works IPO	Naman In-Store (India) IPO

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